TRS000667_RFP_Compensation Study & Salary Data Services

The Teacher Retirement System of Texas (TRS) is seeking a qualified contractor to perform a comprehensive compensation study and provide ongoing salary data services for approximately 260 investment-related positions, both filled and vacant, under a five-year contract with the possibility of renewal and a unilateral 180-day extension. The scope includes a biennial competitive pay analysis benchmarking base salary and incentive compensation against private sector firms and large U.S. public pension funds with assets over $100 billion, along with continuous access to underlying survey datasets and ad hoc reviews for new roles by designated TRS staff. Key deliverables include detailed electronic files with 25th, 50th, and 75th percentile compensation benchmarks across four quartiles, a complete listing of peer organizations, and a summary of annual trends in turnover, salary increases, incentive structures, and new compensation formats. The contractor must submit proposals electronically via PAVES by June 3, 2026, using the provided price form and must demonstrate compliance with a range of legal, ethical, and operational requirements, including certification of no prior employment by TRS within the last two years for performing staff, adherence to Texas state laws on ethics, anti-discrimination, and cybersecurity, and verification of E-Verify usage and TX-RAMP compliance. Evaluation will be based on a weighted scoring system that prioritizes key personnel (30%), proposed performance details (30%), past performance (20%), and pricing (20%), with award determined by best overall value, not lowest cost. The contract is governed under Texas law, with disputes resolved under Chapter 2260 of the Texas Government Code, and all information produced may be subject to the Texas Public Information Act. Invoicing must be submitted monthly through PAVES no later than the 30th day after month-end, with payment made within 30 days of receipt of an undisputed invoice, fees paid in arrears and prorated based on days of service. Travel expenses require prior written approval and are capped at Texas State per diem rates, and the contractor must maintain primary insurance with a waiver of subrogation in favor of TRS and its trustees. The contractor is responsible for defending, indemnifying, and holding harmless TRS and the State of Texas from third-party claims, including intellectual property infringement, and any deliverables not accepted in writing by TRS may not be invoiced or paid for. The contractor will also be required to submit a work plan within 1